Fan Bao
Net Worth 2024, Height, Wiki, Age, Bio

Background:

• Fan Bao was born in Shanghai
• According to Bao, he is "not one of the princelings" 
• He went to high school in the US

Education:

• Bao received degrees from Fudan University in Shanghai and the Norwegian School of Management

Career:

• Bao worked for Morgan Stanley, Credit Suisse, and Morgan Stanley again in London, New York, and Hong Kong
• In 2000, Bao left Morgan Stanley to become chief strategic officer at the Chinese start-up AsiaInfo Holdings 
• In 2005, Bao founded China Renaissance, a leading Chinese financial institution dedicated to China's New Economy businesses
• China Renaissance's core business now consists of Investment Banking, Investment Management, and Wealth Management 
• As of 30 June 2020, China Renaissance had advised on approximately 980 transactions worth over USD$146 billion since its inception
• China Renaissance's private equity funds had an AUM of approximately RMB39.0 billion in new economy investments 
• China Renaissance Holdings Limited was listed on the Main Board of HKEX in 2018, under the stock ticker (1911. HK) 
• China Renaissance started a private equity investment management business in 2013
• Bao is the Founding Partner and Chief Investment Officer of China Renaissance's investment management business
• Huxing Growth Capital, the investment flagship of China Renaissance, has invested in over 100 new economy entrepreneurs and home-grown companies over the past seven years
• Huxing Growth Capital has helped over 30 of these firms go public in China and international markets
• Huxing Growth Capital's private equity funds recorded an average multiple of invested capital (MOIC) of 2.5x and an internal rate of return (IRR) of 33 percent as of 30 June 2020
• The portfolio companies of Huaxing Growth Capital include Pop Mart, Kuaishou Technology, Beike Zhaofang(Lianjia), Jiangxiaobai, Didi Chuxing, Meituan, Li Auto, WuXi AppTec, MININGLAMP Technology, Focus Media, LEXIN, and Micro-Tech Endoscopy
• In February 2016, China Renaissance received FinanceAsia Achievement Awards for "Best China Deal" and "Best Private Equity Deal"
• China Renaissance's "Best China Deal" was for its role as the financial advisor for Meituan and Dianping's "strategic cooperation"
• Meituan-Dianping is China's largest group deals website, and in January 2016 it closed a $3.3 billion funding round, valuing the merged company at $18 billion
• The company claims that this is China's largest-ever funding round for a venture-backed Internet startup

Personal life:

• Bao lives in Shanghai [5]